No, not yet.
The error does not give further information what exactly failed, so it could be everything: unavailability of the server, incompatibility of the request data (changes in SketchUp or the server software), issues with your internet connection, proxy configuration, firewall.
It could be working later again.
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You can manually geo-locate (without terrain) in by entering coordinates in Window → Model Info, but there you cannot add an elevation which is needed when you want to add a terrain later.
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You can use one of the extensions:
- PlaceMaker: Nearmap and DigitalGlobe high resolution aerials
- SketchOSM PlaceMaker: Geo-locate and build OpenStreetMap 3D buildings on it
- Mapbox Map Importer: Geo-location with MapBox maps
- Oob terrain: Imports NASA terrain, not sure if it also adds geo-location coordinates